Massachusetts Regulators Accuse
Day-Trading Firm of Bogus Claims

Massachusetts securities regulators accused a small "day-trading" firm and two of its officials of misleading investors with bogus claims.

TCI Corp., in a Feb. 25 newspaper ad and elsewhere, "intended to mislead customers into believing that they were likely to achieve profits through the company's purported trading system," according to an administrative complaint filed by Massachusetts. In addition, TCI, Irvine,...